Suddenlink offers television, Internet, phone, security and other services to more than 220,000 residential households and 9,500 businesses in West Virginia, making it the largest cable broadband company in the state.
Suddenlink has been in the news recently because of an increase in rates and a change in ownership.
On Sunday the company raised rates by an average of 3.26 percent. In a letter to Charleston Mayor Danny Jones last month, the company blamed the increase on the rising costs of TV programming, equipment, insurance and other expenses.
"Programming expenses represent an 8.5 percent increase annually in costs, with sports programming being the most expensive services we carry," Kelemen said Nov. 14 following a hearing by Charleston City Council's Committee on Cable Television.
Although news of the rate increase came out at the hearing, the reason for the hearing was Suddenlink's request for approval of a change in ownership. The city, which approved the deal, had a say in the matter because it has a franchise agreement with Suddenlink.
On Nov. 20 Cequel Communications Holdings, which does business as Suddenlink, announced that the previously announced sale of Suddenlink had been completed.
BC Partners, a company headquartered in Britain, and the Canada Pension Plan's CPP Investment Board, in partnership with Suddenlink's management team, bought Suddenlink for $6.6 billion.
Kelemen told the City Council committee last month that "the management of the company won't change, the name of the company won't change, and there will be no change in the way we operate. So from a customer and employee standpoint it will be a seamless transaction."
Kelemen also told the committee that the rate increase would have happened whether or not the company was changing hands.
Attorney Robert Rodecker, who was hired by the city as a special counsel in the matter, told committee members that rates were outside the scope of issues they could consider.
Contact writer George Hohmann at busin...@dailymail.com or 304-348-4836.